|Bid||148.25 x 1300|
|Ask||150.00 x 1300|
|Day's Range||146.62 - 152.65|
|52 Week Range||110.57 - 161.38|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 04, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||165.19|
According to Nielsen Music, 2019 was a record-breaking year for music streaming as music streams in the U.S. were up 30% topping one trillion. Streaming services now account for 82% of music consumption in the U.S. Yahoo Finance’s On the Move panel breaks it down.
This weekend's Barron's cover story explains why Dow 30,000 is just the start. Other featured articles offer a close look at stock picks from some Barron's Roundtable panelists. Also, the prospects for ...
Spotify is in discussions to buy sports and pop-culture content service the Ringer in a move that would shore up its original content offerings.
(Bloomberg) -- Spotify Technology SA has considered an acquisition of the Ringer website and podcast network, according to people familiar with the situation, part of a broader push into sports content.Spotify has held talks about a deal, said the person, who asked not to be identified because the discussions are private. But it’s not clear whether the transaction will happen or how much the music-streaming giant might spend.The Ringer, backed by former ESPN analyst Bill Simmons, has built a following with sports and pop-culture coverage -- both on its website and collection of more than 30 different podcasts. That could help accelerate Spotify’s ongoing expansion into sports. The company is developing several daily shows on the topic, people familiar with the plans told Bloomberg last week.The Wall Street Journal previously reported on the talks with the Ringer, describing the discussions as early.Sports is one of the most popular genres in traditional radio and podcasting, making it a priority as Spotify builds out its slate of original and exclusive shows. The company hired Amy Hudson earlier this year to oversee sports and has talked with Barack and Michelle Obama’s production company, Higher Ground, about making shows, the Information reported previously.Spotify first signaled its interest in podcasting last February, when it acquired GimletMedia, a boutique podcast studio, and Anchor, a podcast technology platform. The company has also hired former TV executives to develop new shows.To contact the reporter on this story: Lucas Shaw in Los Angeles at firstname.lastname@example.orgTo contact the editor responsible for this story: Nick Turner at email@example.comFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
With Apple's first quarter fiscal 2020 financial results due out on January 28, it's time for investors to see why AAPL stock appears to be a strong buy...
Apple and Spotify are giving artists and record labels a place to put their music, but OneRepublic frontman Ryan Tedder thinks wearables are what's really fueling the music industry.
(Bloomberg) -- Apple Inc. and the National Basketball Association on Thursday announced a partnership that includes an Apple Music playlist featuring independent artists from an emerging label.The Base:Line playlist will have about 40 songs with a hip-hop vibe and will be refreshed weekly, Jeff Marsilio, the NBA’s senior vice president of new media distribution, said in an interview. The tracks will also be available on the NBA app and website, and will be used in game highlights shared on social media, the NBA said.Eddy Cue, Apple’s services chief and a well-known NBA fan, was involved in the deal. He said Apple is excited about the partnership and that the playlist is designed to support emerging and established independent “urban artists.”While the playlist will be maintained by Apple, many of the songs will come from UnitedMasters, a relatively new music label that connects about 190,000 independent artists to audiences through direct partnerships with brands.“There’s more supply than the conventional legacy labels can handle,” UnitedMasters founder Steve Stoute said in an interview. “Artists today are getting to audiences before getting to a record company.”Apple is relying on digital services to buoy revenue as growth of hardware products like the iPhone slows. Apple Music has more than 60 million paying subscribers, trailing Spotify Technology SA globally. New partnerships such as the NBA deal may bring in new subscribers who are fans of the game.To contact the reporters on this story: Mark Gurman in Los Angeles at firstname.lastname@example.org;Scott Soshnick in New York at email@example.comTo contact the editors responsible for this story: Tom Giles at firstname.lastname@example.org, Alistair Barr, Molly SchuetzFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Spotify has made playlists and a podcast for dogs to listen to in their owners' absence, after finding that nearly 74% of UK pet-owners play music for their animals. The Swedish audio-streaming business company said it has launched a podcast featuring soothing music, "dog-directed praise", stories, and messages of affirmation and reassurance narrated by actors to alleviate stress for dogs who are home alone. Meanwhile, playlists aimed at pets offer tracks selected by algorithms to match pets' characteristics such as energetic or slow.
The major stock indexes were mixed to start Q4 earnings season. Wells Fargo dove 4% after dismal earnings results.
Booz Allen (BAH) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
Spotify is ending its year-long dispute with Warner Music's publishing firm. The world's largest music streaming service said on Tuesday that it has inked a global licensing agreement with Warner Chappell. The announcement marks the end of their litigation before the Bombay High Court, where Warner Music was seeking an injunction to prevent Spotify from using its music in India.
Streaming music leader Spotify Technology heard a couple of sour notes from Wall Street analysts on Monday. Meanwhile, streaming video leader Netflix earned some love from the Oscars.
Evercore ISI analyst Benjamin Black downgraded the streaming-music firm to Underperform from In Line. He wrote that “the risk/reward has tilted back in favor of rewarding shorts.”
Shares of Spotify Technology SA are down 2.4% in Monday morning trading after analysts at Evercore ISI downgraded the stock to underperform from in-line. "For Spotify, material margin expansion likely remains a pipe dream, as rivals operate streaming music services at a loss to the benefit of broader ecosystems and labels act as an oligopoly," the analysts wrote. "We believe the stock's run from lows has been driven by increasing confidence that a new agreement with labels will improve visibility to the path to gross margin expansion, as called for in current consensus estimates. Our take is that announcements related to new label agreements will disappoint expectations." The analysts raised their price target slightly, to $115 from $110. The downgrade follows a bearish initiation from Bernstein analysts last week. Spotify shares are up 32% over the past three months, as the S&P 500 has risen 10%.
The stock market was squarely higher early Monday ahead of the start of earnings season. Tesla jumped above the 500 price level for the first time.
Spotify climbed 32% last year, but heightened competition from Apple and Amazon.com is making investors uneasy about the company’s future.
Apple (AAPL) faces lawsuit for health monitoring features of Apple Watch. Increasing legal woes could hurt its competition in the long run.
The total number of streams on music streaming platforms like Spotify, YouTube, and Apple Music crossed one trillion in 2019, 30% higher than the previous year, the Nielsen survey said, as reported by the Wall Street Journal. The internet-based streamers dominate the market, constituting about 82% of the entire music consumption in the U.S., the Journal reported.
Apple (AAPL) aarecord App Store sales at the end of 2019 and strength in its services segment, which is expected to aid growth in 2020.
Tempur Sealy, Fiat Chrysler Automobiles, Spotify, Apple and Amazon highlighted as Zacks Bull and Bear of the Day